$SOL 📉 SOL/USDT Market Update (15m Timeframe)

Solana faced a strong sell-off from the 91–93 zone, breaking down sharply to the 67.5 support level. After hitting this demand zone, SOL showed a quick bounce and is currently trading around 77.

🔍 Key Market Insights:

🔻 Overall short-term trend remains bearish

🟢 Major Support: 67 – 70 (strong demand zone)

🔴 Immediate Resistance: 82 – 85 zone

📊 RSI (6): ~52, indicating neutral momentum

📈 High volume during the dump suggests panic selling followed by dip buying

⚠️ Trade Perspective:

Short-term bounce possible, but trend confirmation is still missing

Conservative traders should wait for a break and hold above 82

Use tight stop-loss due to high volatility

🧠 Market Note:

“Sharp dumps often bring quick bounces, but real reversals need confirmation.”

📌 Not financial advice

💬 Do you see a trend reversal or just a dead cat bounce?

#SOL #Solana #CryptoUpdate #Altcoins #CryptoTrading #PriceAction #Binance

SOL

84.94

+8.17%